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5812 Forest Bend Place Fort Worth, TX 76112

3 Beds 3 Baths 2,409 sqft Built 2003

$346,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $143.63
  • 2 Days on Market
  • MLS # : 14494634
  • Updated Date : 01/09/2021 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,409 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Stunning traditional surrounded by mature trees in the highly sought after GATED & GUARDED River Bend Estates! Minutes from downtown and easy access to DFW airport. Master suite with and spa like bath & access to private balcony. The perfect home for entertaining! Featuring formal dining & living with fireplace. Eat-in kitchen with dual islands, granite counters, opens to family room with fireplace.

SEE MORE

MARKET HIGHLIGHTS

  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: River Estates of Fort Worth

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $104k401k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: River Estates of Fort Worth

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9192651

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Richland Elementary School Primary Regular 321 25 5
Richland Middle School Middle Regular 660 43 4
Birdville High School High Regular 2,083 125 7

Richland Elementary School

  • Education Level: Primary
  • # of students: 321
  • # of teachers: 25
5
GreatSchools Rating

Richland Middle School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 43
4
GreatSchools Rating

Birdville High School

  • Education Level: High
  • # of students: 2,083
  • # of teachers: 125
7
GreatSchools Rating
 

$311,400$380,600$346,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,202
Property Tax -$793
Property Insurance -$166
HOA -$200
Property Management Fees -$99
CASH FLOW
-$200

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$346,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,440

INVESTMENT

$97,440

Down Payment
$86,500
Rehab Estimate
$5,750
Closing Costs
$5,190

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,202

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,500
Loan Amount $259,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,578

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,260

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,807

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,9004$2,260
$2,260
RENT COMPS ANALYSIS
  • 5812 Forest Bend Place Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.94
    •  
  • 6632 Canyon Oak Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2000
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.79
    •  
  • 924 Blackberry Trail Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2013
    property image
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.74
    •  
  • 937 Glenndon Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2012
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
PROPERTY LISTING DETAILS
Fernando Espinoza
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494634
Last Updated: 01/09/2021
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